3852 E 140th Street
Property Description
This absolute showstopper is an exceptional investment opportunity! This massive brick duplex offers over 3,000 square feet with two spacious units, the lower unit features 3 bedrooms, 2 full bathrooms, generous living areas, functional kitchens, and adjoining dining spaces. the upper unit offers an additional 1,200-square-foot finished third floor includes 2 bedrooms and 1 full bathroom, creating the potential to convert the property into a triplex or expand the upper unit into a 5-bedroom, 3-bathroom residence with approximately 4,200 square feet of living space. Extensively updated throughout, the property features a brand-new roof, newer windows, all new plumbing, updated electrical, new hot water tanks, renovated kitchens with quartz countertops and new cabinetry, updated bathrooms with tiled showers, a finished basement rec room, plus a sunroom and patio for each unit. Fully vacant, with market rents of approximately $1,500 per month per unit, this property is ready to generate strong cash flow. Located in Cleveland, just minutes from Garfield Park Reservation, Miles Playfield, major roads, public transportation, shopping, schools, restaurants, and all local amenities, this is an outstanding opportunity for investors seeking a large, updated, and versatile income-producing property. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Whether you're looking to maximize cash flow, expand your portfolio with a low-maintenance asset, or unlock additional value through future improvements, this remarkable property offers the size, flexibility, and updates to make it an exceptional investment opportunity. No wholesalers. No Seller financing. No low ball offers.Broker Details
RE/MAX Haven Realty (216) 332-0456
MLS ID: 2014004734 State License Number: 2014004734
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $249,000 |
| Year Built: | 1927 |
| Lot Size: | 3,088.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 4 |
ID: 3yd-NEOHREXOH-5226935
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Rick Recckio
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Lenders
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Essex Property Trust, Inc.
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout